TREASURY

Debt and Reserves Management

Edward Balls: The "Debt and Reserves Management Report 2007-08" is being published today. Copies are available in the Library of the House.

Invest to Save Budget

Stephen Timms: I am pleased to announce that a total of 24 bids from organisations spanning the public and third sectors have been awarded funding for projects following the ninth bidding round of the Invest to Save Budget. A total of £9 million has been allocated over the three years to 2009-10 for England. The allocated sum rises to £11 million to include consequential funding for the devolved Administrations. Details of the winning projects have been placed in the Library of the House.
	The Invest to Save Budget (ISB), set up following the 1998 Comprehensive Spending Review, provides initial funding support for projects that increase the extent of joint working between different parts of the public sector; identify innovative ways of delivering public services; and reduce the cost of delivering the services and/or improve the quality and effectiveness of services delivered to the public.
	This ninth bidding round was focused on supporting innovative approaches to the delivery of local services by third sector organisations. The intention was to encourage local authorities to work in partnership with local third sector organisations to deliver services in line with local needs and priorities.
	Applicants were asked to address the priority areas of:
	The Third Sector's role in delivering public services and building fairer Communities—projects that deliver cash releasing efficiencies; and projects that address the priorities set out in their Local Area Agreement and support their Community Strategy—projects that are additional to those already funded by statutory bodies and which address recognised gaps in local service provision.
	Successful projects are required to agree a detailed implementation plan, setting out how the project will be delivered. Each project must also provide six-monthly progress reports to sponsor departments and the Treasury and carry out an evaluation of the project's success once it has been completed. Wider dissemination of the good practice from completed projects is then fed back into the whole spectrum of public service providers.
	This ninth ISB bidding round allocates the remainder of the £90 million awarded to the ISB in SR2004.
	More information can be found on the ISB website at www.isb.gov.uk

TRADE AND INDUSTRY

UK Intellectual Property Office

Malcolm Wicks: I have tasked the UK Intellectual Property Office with managing and shaping an intellectual property system that encourages innovation and creativity, balances the needs of rights holders and the public, promotes strong and competitive markets and provides a firm foundation for the knowledge-based economy.
	I have set the UK Intellectual Property Office a broader range of targets for 2007-08 based on a balanced scorecard approach. These targets are:
	Customers and Stakeholders
	Issue 90 per cent. of patent search reports within four months of request.
	Grant 90 per cent. of patents within two and a half years of request.
	To register 90 per cent. of processed trade mark applications, to which no substantive objections have been raised or oppositions filed, within eight months of application.
	To examine 95 per cent. of all design applications within three months.
	To resolve 55 per cent. of trade mark disputes in one year(*).
	To receive an overall "good" or "satisfactory" rating in at least 80 per cent. of responses in customer and ministerial surveys.
	The number of businesses taking action to improve the management of their IP will increase by 20 per cent. above baseline in targeted groups.
	Meet 80 per cent. of agreed milestones in development of policy initiatives.
	Generate a 10 per cent. increase in demand for non-statutory innovation support services.
	Develop six target profiles, using Telpat intelligence.
	Finance
	Achieve the target of 4 per cent. on return on capital employed.
	Reduce total current expenditure on the operations of the trading fund compared with the baseline of the corporate plan 2004-05, in line with the DTI's published "Efficiency Technical Note". Cumulative savings target for 2005-06, 2006-07 and 2007-08 is £2.7 million.
	Internal Processes
	Achieve positive outcomes on 100 per cent. of ISO and Charter Mark healthchecks.
	Make the correct decision on registerability in at least 98.5 per cent. of trade mark applications.
	Give good customer service in patent search and examination in 95 per cent. of quality assured cases.
	Reduce number of days sick absence per person to:
	9 days by March 2008
	8.5 days by March 2009
	8 days by March 2010
	Complete, sign off and return 100 per cent. of performance measurement forms to personnel by 31 May 2008
	95% by 31 May 2007
	100% by 31 May 2008
	To achieve 99 per cent. or more of the agreed monthly service levels for key IT systems.
	Some 80 per cent. or more of internal customers are "satisfied" or "very satisfied" with the provision of internal IT customer services.
	Apply for initial assessment of our environmental management system by the ISO accreditation body by the end of March 2008.
	Change and Development
	Achieve a minimum of 75 per cent. "No actions required" recommendations in follow up internal audit reports where initial recommendations were "Necessary Actions Required" or "Urgent Actions Required".
	Some 80 per cent. of completed TREFs to contain positive feedback from line manager on the improved competences of staff.
	To achieve 80 per cent. or more of agreed milestones for key projects within the reporting year.
	Ensure that applications from black and minority ethnic people are running at 5 per cent. of applications for A-B1 level posts by end March 2008.
	(*)this target is intended to have a second element "to have disposed of at least 98 per cent. of disputes within three years, from the third year of this target, ie 2008-09"